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Sources:
https://youtu.be/MGQ3KAxeFmU?si=43skNtjCZptrpRP8
https://youtu.be/8v-ghDZOtpI?si=97h0zUV-goXR4IJR
https://youtu.be/rvRU_uzcX9s?si=P3L_GW_Ql8DVS28I
https://youtu.be/s04zPQXrKbs?si=Vg4MBmDr3sC1LIwB
Discover the harsh realities that unfolded after Japan’s real estate bubble burst in the early 1990s. This documentary takes a deep dive into the abandoned real estate projects and empty houses (also known as akiya) that once promised a luxurious suburban life but now stand as haunting reminders of Japan’s economic decline, which led to the lost decades and the lost generation. These abandoned projects are memories of Japan’s economic bubble era from late 1970s to early 1990s. As real estate prices plummeted and the housing market crashed, countless seniors from the Baby Boomer generation were left to navigate a life of financial loss and broken promises. The housing prices are unlikely recover due to people moving back to urban centers today.
In this eye-opening documentary, we explore how the housing market crash and demographic crisis have impacted Japan’s aging population. You’ll hear personal stories of senior citizens who invested their life savings into what were once booming real estate developments, only to find themselves trapped in ghost towns—forgotten by time and society. Learn about the real estate fraud and scams that exacerbated the crisis, leading to a post-war generation of Baby Boomers struggling to survive in a rapidly aging nation with falling real estate prices and dwindling populations.
Keywords: Japan’s economic decline, Japanese economy, falling real estate prices, real estate bubble, real estate investments, financial loss, housing market, real estate fraud, real estate scam, home price crash, housing market crash, population decline, demographic crisis, senior citizens, baby boomers, aging population, senior living, Japanese asset price bubble, バブル景気, Japan economic bubble in the 1970s and 1980s, Japan economy crash, Japan stock market crash
#japan #japaneconomy #japaneseculture #japannews #realestate #realestateinvesting #realestateinvestment #akiya #japanlife #kominka
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Those who are in power in Japan did this to their own people.
good video always watching your videos when released
How sad.
Sounds like what we read about the 2008 crisis…
YT channels about Japan are a dime a dozen, but you consistently do a fantastic job at laying out these topics. Keep up the great work!
This going to be a lot of the world in the next few decades as populations crash.
Thank you for the translation. These boom and bust cycles seem to be a feature of capitalist economies especially ones which are not very regulated and companies can do as they please. Japan can be very proud of its accomplishments after the war but the aging population with younger people feeling too insecure to start families means hard times are ahead. It's unrelated to this topic, but today, my supermarket had no rice. Where there used to be 5 and 10 kilo bags of rice, there were just small packages of cooked rice in trays. Apparently there was a bad harvest. No, I just read an article in the Mainichi Shimbun which says the harvest was good but the shortage is a result of government rice production reduction efforts. The government is paying Japanese farmers to convert their rice paddies to growing wheat and soy beans. This is done to keep rice prices high. Unfortunately, any short term increase in demand can lead to immediate shortages. Japanese rice is highly regarded throughout the world as a premium quality rice but instead of encouraging rice farmers to produce more for export, the government is paying them to cut rice production. The Japanese consumer has to pay high prices for rice, if they can get any rice at all!
If they would make the places named, I would invest, make a food shop for the local residents who live there, make a family.
Excellent work. Subscribed.
Thank you for all the effort researching, translating, narrating, editing. Only uploading is easy 😂
This video is educative and insightful, and well put together.
They could at least have partially addressed the problems with immigration but that word is worse than aids to Japanese. Worse than any plague in the world.
Highly underrated video